Entergy to close Vermont Yankee Nuclear Power Station

The company said the decision was based on numerous financial factors, including changes in the natural gas market, high cost of operations and flaws in market pricing.

The station is expect to move to safe shutdown in the fourth quarter of 2014.

“This was an agonizing decision and an extremely tough call for us,” said Leo Denault, Entergy’s chairman and chief executive officer, in the release. “Vermont Yankee has an immensely talented, dedicated and loyal workforce, and a solid base of support among many in the community. We recognize that closing the plant on this schedule was not the outcome they had hoped for, but we have reluctantly concluded that it is the appropriate action for us to take under the circumstances.”